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After a hiatus of nearly a decade, the government has released the results of the Household Consumption Expenditure Survey, which indicate that inequality between top and bottom spenders has reduced across both rural and urban areas since 2011-12.
In urban India, 63% consumers fall within this consumer group and are in the top five across countries surveyed. This is higher than the global average of 46%, the report said, adding that consumers circumstances and intentions relative to spending has changed.